UK - Azule Finance, the lighting and sound finance specialists, released strong FY10 growth figures, demonstrating "soaring demand for technical investments in new lighting technology". Figures released yesterday show that Azule's lighting business has doubled since FY09, spurred on by the growing popularity of products like GLP Impressions.

Azule's lighting division sales director, Gavin Scott comments, "The buzz and popularity around live events and festivals grows each year and lightshows for major artists are becoming more and more spectacular. When planning a live event lighting is nearly always an artist's first consideration and with a host of innovative new products coming onto the market from manufacturers such as Robe mixed with the enduringly successful products like GLP Impressions, lighting is fast becoming big business."

For lighting companies such as Colour Sound Experiment, who financed £300,000 of lighting equipment from Azule, rapid access to credit is vital to ensure access to the latest technology and a quickly scalable business that can meet peaks in demand, says the company. With Azule Finance, they were able to scale up their portfolio to include 25 Clay Paky Alpha Spot HPE1500s, 60 Chroma-Q Colour Force 72 LED battens and six GLP Impressions and meet the demands of high profile acts such as Dizzee Rascal over the festival season.

The strong growth in the industry is reflected by the success of this year's PLASA, says Azule. With over 12,000 visitors and a strong international showing, many high profile names within the industry returned after a year's absence to capitalise on the rapidly growing market.

(Jim Evans)


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